Opalesque Industry Updates - Breeden Capital Management LLC announced Joshua
W. Fenton has joined the firm as Senior Managing Director and Director of Research and
Trading. Fenton will direct the U.S.- based research team, and serve on the investment
committees of the firm’s U.S. and European funds. Fenton comes to Breeden Capital with more
than 17 years experience in the investment industry, including nearly ten years with Gabelli
Asset Management. Mr. Fenton received a BA in Economics from Yale in 1991, and an MBA
from Columbia Business School in 1996.

Richard C. Breeden, Chairman and Chief Executive Officer of Breeden Capital Management,
said, “We are excited to be able to add Josh Fenton to our team of investment professionals.
Josh brings a superb background in equity investing, together with extensive practical experience
and leadership skills. We believe he will add considerably to the talents of our existing
investment team and enhance our ability to identify situations where active engagement with
portfolio companies can generate significant investment returns. ”

Joshua Fenton said, “I am delighted to join Breeden Capital Management, an outstanding
investment fund, and I’m very excited to be working with the very bright and committed team to
find ways to generate solid returns for our investors.”

From 2008 through 2009, Mr. Fenton was Director of Global Equity Research at Clay Finlay
LLC, where he was a member of the investment committee, oversaw the team of seven analysts
and covered global energy, materials and industrials as an analyst himself. Prior to Clay Finlay,
he was Director of Research and a co-Portfolio Manager at Gabelli Asset Management, Inc.
He joined GAMCO in 2001 as an analyst, became Director of Buy Side Research in 2003 and
added the job of co-manager of The Gabelli Global Gold & Natural Resources Trust at the fund’s
inception in 2005.

Breeden Capital Management is based in Greenwich, CT. In 2006, the firm launched its
“Breeden Partners” fund to invest in the equity securities of companies which the fund believes
to be undervalued or underperforming. Through active engagement, the fund seeks to assist
portfolio companies in improving performance on a sustainable basis and enhancing long term
shareholder value. The firm’s affiliate, Breeden European Capital Management, launched a
London-based fund in 2009, whose Director of Research is Ben Barnett, formerly of Fortress
Investment Group. In the aggregate, the firms manage more than $1.5 billion in assets.
Breeden Capital Management and Breeden European Capital Management were each founded by
Richard C. Breeden, who served as Chairman of the U.S. Securities and Exchange Commission
from 1989-1993. Mr. Breeden currently serves as non-executive Chairman of the Board of H&R
Block, Inc., as well as a director of two additional portfolio companies. He has previously
served as Corporate Monitor of WorldCom and MCI, Inc. from 2002-2005, and of the
accounting firm KPMG LLP from 2005-2009.